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Regulatory Filings • Feb 4, 2011

News Details

Ad-hoc | 4 February 2011 06:30

NEW VALUE AG: Information on the 3rd Quarter of the Fiscal Year 2010/2011 (October-December 2010)

NEW VALUE AG / Key word(s): Miscellaneous

04.02.2011 06:30

Release of an ad hoc announcement pursuant to Art. 72 KR

Expansion of Solar Industries, portfolio streamlining and launch
of tax-exempt stock buyback

The Net Asset Value per share of New Value, an investment company focused
on the growth fields of Cleantech and Health, closed at CHF 23.14, compared
with CHF 24.12 at the start of the quarter (down 4.1%). In January, New
Value streamlined its portfolio and divested the Foto-Desk Group through a
management buyout with earnout model. New Value also participated in a
capital increase for Solar Industries, which commenced production of
photovoltaic modules using an in-house production facility. As a result,
NAV per share dropped to CHF 20.65 on January 31, 2011. A shareholder
friendly, tax-exempt stock buyback program was launched on January 4.

Among the portfolio companies in the Cleantech sector, Solar Industries
completed a capital increase of CHF 4.6 million on January 5, 2011. New
Value invested CHF 2 million and now holds 34.6% of Solar Industries. Among
the portfolio companies in the Health sector, New Value increased the stake
of Bogar AG by conversion of an existing loan of CHF 0.56 Mio. to 43.8%.
Furthermore, New Value will support the company's growth with additional
CHF 0.75 Mio in 2011. Bogar introduced a paw cream with plant-based active
ingredients, as well as natural anti-parasite collars for dogs and cats.
Sensimed negotiated new distribution partnerships with Handok
Pharmaceutical in Korea, and Swiss Medical Solution did the same with
Pharmatoka in France. Swiss Medical Solution also received CE approval for
its new home urinary tract infection test for care-dependent patients and
small children.

Solar Industries builds solar module production sites
The newly founded SI Module, a wholly-owned subsidiary of Solar Industries,
started manufacturing photovoltaic modules for the German and Swiss markets
in Freiburg im Breisgau in early 2011. The company acquired a photovoltaic
module production line from Somont in late 2010 with a nominal capacity of
25 MWp. Solar Industries plans to build a solar module production facility
with annual production capacity of 150 MWp in the German-speaking region of
Switzerland by 2012.

Idiag collaborates with Hocoma
On January 1, 2011, these two back-care specialists launched a combined
program of testing and analyses together with spinal treatments. The
SpinalMouse(R) back measurement device from Idiag supplements the new
Valedo(TM) back treatment concept from Hocoma.

FotoDesk taken over by management
Online photo service company FotoDesk Group was unable to reach critical
mass in a highly competitive market environment. Even the acquisition of
netservice.cc in summer 2010 did not lead to the desired success. New Value
therefore decided to discontinue financing for the company. The business
was taken over by its management at the end of January 2011. An earn-out
model ensures that New Value will receive a share of future earnings. At
the end, New Value had a CHF 3.0 million stake in the company, representing
a holding of 45%. There were also loans and convertible loans in the amount
of CHF 5.9 million. New Value will write off the total amount (CHF 8.9
million) during the current fiscal year 2010/11 (effective March 31, 2011).
In the spring of 2010, New Value announced its intention to focus on
Cleantech and Health fields. Streamlining the portfolio complies with this
refined focus, since FotoDesk was the only company that did not belong to
these sectors.

Shareholder-friendly, tax-exempt stock buyback
On January 4, 2011 New Value launched a buyback of up to 10% of its share
capital. Thanks to authorization on January 1, 2011 to use an agio to
offset the difference between the buyback price and the face value, share
buyback is exempt from the previously customary deduction of withholding
tax, making this a novel and particularly attractive form of equity
buyback. At press time, 50,000 shares had been bought back (equals 1.5% of
the total share capital).

Information about New Value AG
New Value, listed at the SIX Swiss Exchange, invests directly in promising
private companies in Switzerland and neighbouring countries with
above-average market and growth potential. As an investment company, New
Value promotes innovative business models with venture capital and
accompanies those to market success. The portfolio covers companies of
different stages of development, starting with the market introduction
phase up to medium-sized enterprises with stable profits. The portfolio
contains companies active in Cleantech and Healt. New Value assigns
great value to ethical business concepts and good corporate governance
while selecting their portfolio companies. Criteria such as meaningfulness,
social responsibility and ecological sustainability are considered by New
Value as decisive competitive advantages, which affect and enhance the
quality of products and services offered and thus, facilitate an above
average increase of value potential. With impact investing New Value
creates ethical added value - an entrepreneurial approach based on a unique
combination of economical and ethical performance. Since the formation of
New Value, EPS Value Plus AG, Zurich, has served as investment manager.

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Information and Explaination of the Issuer to this News:

The New Value newsletter can be downloaded at www.newvalue.ch

04.02.2011 News transmitted by EquityStory AG.
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Language: English
Company: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich
Schweiz
Phone: +41-43-344 38 38
Fax: +41-43-344 38 39
E-mail: info@newvalue.ch
Internet: www.newvalue.ch
ISIN: CH0010819867
Swiss Security Number: 552932
Listed: Freiverkehr in Berlin, Düsseldorf, München,
Stuttgart; Open Market in Frankfurt; SIX

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